Governments all over the world work towards providing quality healthcare for their citizens. Creating awareness about health problems, ensuring reliable medical infrastructure and promoting health insurance are constructive actions conducted by the authorities for public welfare. The Government of India also undertakes such measures from time to time. Read more to know about Government health insurance plans in India.
With the ever-increasing risk of life-threatening diseases and rising costs of medical treatment, having a health insurance plan is surely the need of the hour. And yet a vast section of India’s population continues to be outside the range of health insurance. A study shows that nearly 46% of the total population in the country has a health insurance plan as of 2019. It essentially means that almost 54% of the country's 1.3 billion people don't have a medical cover.
Health consciousness in India has undergone a positive change in the past few years. Earlier confined to the selected upper middle class and higher-income groups, health insurance has become a need for everyone today. Governmental outreach has also boosted the process, and the growing financial literacy has further added to the growth of health insurance policyholders in the country.
We have listed below the government insurance companies in India and the various health insurance plans offered by them. You can check their (ICR) Incurred Claim Ratio, the number of network hospitals, and other features such as renewability and waiting period. Below is the list of government health insurance providers in India. You can compare them based on the features and benefits offered and then make a choice.
New India Assurance Health Insurance
New India Assurance Company is a fully owned subsidiary of The Government of India and is a multinational insurance company present across 27 countries and a market leader in the non-life insurance sector in India. Robust domestic and international presence, a wide range of insurance plans, advance and effective technology, effective complaint management structure are some keys to the company's immense success. New India Assurance is the only insurance company which is considered as the direct insurer in India. Below are some of the benefits of buying a health insurance plan from New India Assurance.
New India Health Insurance at a glance:
| Key features | Highlights |
|---|---|
| Network Hospitals | 1200+ |
| Incurred Claim Ratio | 103.19 % |
| Waiting period for pre-existing diseases | 4 years |
| Renewability | Lifelong |
The New India Assurance company provides a series of cost-efficient health insurance policies for individuals as well as for families which are namely:
Oriental Health Insurance
Oriental Insurance Company is a subsidiary of Oriental Government Security Life Assurance Company Limited founded on September 12, 1947. Oriental Insurance Company provides insurance coverage to megaprojects, including power plants, petrochemical plants, and steel plants. The company provides a range of insurance plans to the urban and rural population of the country. Oriental Insurance has registered its extensive presence across the nation. The company has 31 regional offices and 1800+ operating offices. Below are some of the benefits of buying a health insurance plan from Oriental health Insurance.
Oriental Health Insurance at a glance:
| Key Features | Highlights |
|---|---|
| Network Hospitals | 4300+ |
| Incurred Claim Ratio | 113.86 % |
| Renewability | Lifelong |
| Waiting Period for pre-existing diseases | 4 years |
National Health Insurance Company
National Insurance Company Limited is completely owned by the Government of India, and it has been serving its customers for more than a century. The company has an incurred claim ratio of 103.19% for the financial year 2018-19. Below are some of the benefits of buying a health insurance plan from National Insurance Company.
National Health Insurance at a glance:
| Key Features | Highlights |
|---|---|
| Network Hospitals | 6000+ |
| Incurred Claim Ratio | 115.55 % |
| Renewability | Lifelong |
| Waiting Period for pre-existing diseases | 4 years |
The company offers a series of cost-efficient health insurance plans which are namely:
Recommended Link: All About Top Health Insurance Companies & Its Incurred Claim Settlement Ratio
